No...it's not wrong...actually NEITHER of us KNOWS the absolute "truth" about anything other than what we can see with our own eyes...but that's beside the point.

Fracking tight shale oil is expensive AND those wells only produce for about 18 months before they need to be re-fracked. The low hanging fruit, the EASY to get out oil...has already been gotten. There is no oil shortage, there is only a set rate that oil can be extracted.

It's like the brouhaha over water here in C FL. There is PLENTY of water in the Florian aquifer...the "problem" during droughts is getting it out FAST enough because of all the lawn watering. A water well...an oil well...is like a Slurpee...if you suck it out slowly and steadily...it keeps flowing. If you try to suck it out too fast...it "dried up" and you need to wait for it to "recharge".

Shale oil isn't a panacea...

The price didn't STAY at $30 and while it was at $30, a LOT of US oil companies went out of business because $30 oil isn't profitable.

Just about every site you look at has a DIFFERENT country with the most reserves. Most put the US down around #10. Some count ALL oil...even that which will NEVER come out of the ground...until we're REALLY desperate.

Including "content" from Fox Business.

Truly trust NOTHING you didn't see with your own eyes. Lies and misdirection are EVERYWHERE. That's the crux of the problem...we don't KNOW what is true and what are lies.